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Refer to the Diagram

Question 22

Multiple Choice

Refer to the diagram. If actual production and consumption occur at Q1, A) efficiency is achieved. B) consumer surplus is maximized. C) an efficiency loss (or deadweight loss) of b + d occurs. D) an efficiency loss (or deadweight loss) of e + d occurs. Refer to the diagram. If actual production and consumption occur at Q1,


A) efficiency is achieved.
B) consumer surplus is maximized.
C) an efficiency loss (or deadweight loss) of b + d occurs.
D) an efficiency loss (or deadweight loss) of e + d occurs.

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